Macquarie Group Ltd. trimmed its position in shares of Horizon Technology Finance Corp (NASDAQ:HRZN) by 28.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,069 shares of the investment management company’s stock after selling 9,933 shares during the period. Macquarie Group Ltd. owned approximately 0.22% of Horizon Technology Finance worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several analysts have recently issued reports on HRZN shares. Keefe, Bruyette & Woods cut Horizon Technology Finance from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $10.50 to $10.00 in a report on Sunday, October 21st. National Securities reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Horizon Technology Finance in a report on Friday, November 2nd. Finally, Zacks Investment Research raised Horizon Technology Finance from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Saturday, November 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.50.
NASDAQ:HRZN opened at $11.72 on Monday. Horizon Technology Finance Corp has a fifty-two week low of $9.92 and a fifty-two week high of $12.10. The firm has a market cap of $132.05 million, a P/E ratio of 10.95 and a beta of 0.72.
Horizon Technology Finance (NASDAQ:HRZN) last released its quarterly earnings results on Tuesday, October 30th. The investment management company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Horizon Technology Finance had a return on equity of 9.14% and a net margin of 43.19%. The company had revenue of $7.80 million for the quarter, compared to analyst estimates of $7.70 million. As a group, equities analysts forecast that Horizon Technology Finance Corp will post 1.2 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Tuesday, January 15th. Investors of record on Tuesday, December 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, December 17th. This represents a $1.20 annualized dividend and a yield of 10.24%. Horizon Technology Finance’s payout ratio is presently 112.15%.
About Horizon Technology Finance
Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries.
Receive News & Ratings for Horizon Technology Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Technology Finance and related companies with MarketBeat.com's FREE daily email newsletter.